Rents are 7% below what Hoffman Estates's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,039 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
November. Asking rents in Hoffman Estates usually run 0.5% below trend in November and 0.5% above it in June, about $20 a month apart at today's median. Based on 5 years of data.
Rent in Hoffman Estates is at its highest level since Zillow's records here began in March 2021.
Rent in Hoffman Estates changed +3.9% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent rose in 10 of the last 12 months.
30% of the median household income ($106,806) is $2,670 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,580); a 4-bedroom is $3,030.
Elk Grove Village, 7 miles away, rents for 10% less ($1,833/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Hoffman Estates. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Hoffman Estates, IL is majority owner-occupied, has a median income above the national average, 48.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hoffman Estates, IL has changed in 5 years
The median rent in Hoffman Estates, IL stood at $1,433 in 2021 and currently runs about $2,039, reflecting a 42.3% increase over the period. Median household income rose from $96,274 to $106,806 between 2021 and 2024, a 10.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.9% since 2021, moving from about 52,153 residents to roughly 51,175. Renters now make up 25.8% of households, compared with 27.5% five years ago. Taken together, the five-year picture in Hoffman Estates, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Hoffman Estates on your salary?
At $2,039/mo, how Hoffman Estates rent compares to typical pay (30% rule).
Hoffman Estates rent by bedroom count
Median rent for each apartment size in Hoffman Estates. Click any size for full breakdown.
Tips for renters in Hoffman Estates
Last updated: October 17, 2026
The median rent in Hoffman Estates is $2,039/mo as of October 2026. A studio apartment averages $1,660/mo while a 2-bedroom runs $2,010/mo. One-bedroom apartments average $1,780/mo and 3-bedroom units go for $2,580/mo.
At 23% of local median household income ($106,806/yr), Hoffman Estates ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.
Frequently asked questions
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How does Hoffman Estates rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Hoffman Estates?
At $2,039/mo, rent takes ~23% of Hoffman Estates's median household income ($106,806/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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